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Deposit and withdrawal EUR via SEPA FAQ
2021-01-22 11:06
Binance provides various Fiat Enabled Methods and allows users to select the corresponding channels based on their currencies or regions. For EUR deposits and withdrawals, you can choose SEPA.
The Single Euro Payments Area (SEPA) is an initiative of the European Union that allows for fast, reliable, and cheap Euro (EUR) transfers between bank accounts in the SEPA-zone.
To deposit and withdraw EUR on Binance, please refer to the following guide.
Frequently Asked Questions:
Q: I've deposited more than my current limit. When will I receive the remainder of my deposit?
A: The remainder will be credited in the following days. For example, if your daily limit is 5,000 EUR and you deposit 15,000 EUR, the amount will be credited in 3 separate days (5,000 EUR per day).
Q: I want to deposit through bank transfer, but the transfer status is showing “processing” instead of “successful” or “failed”. What should I do?
A: You have to wait for the final results of your account verification. If approved, the corresponding deposits will be automatically credited to your account. If your account verification is rejected, the funds will be returned to your bank account within 7 business days.
Q: I'd like to increase my deposit/withdrawal limits
A: Please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and other required personal information.
Q: My bank asked for Binance’s address when I tried to make a SEPA deposit.
A: Please fill in Binance’s address as the following: Hub 26 Hunsworth Lane, Cleckheaton, England, BD19 4LN.
Q: I’d like to deposit through SEPA but haven't provided my basic information.
A: You can make a transaction worth 300 USD (or equivalent) by providing the following information:
Full name, Email, Date of birth, Nationality, Residential address.
If you’d like to increase this 300 USD (or equivalent) limit, please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and other required personal information.
Q: I’ve deposited through SEPA but didn't put in the reference code.
A: You will need to copy the reference code shown on the Binance payment instruction and input it in the “Details'' or ”Remarks'' or ”Message to Receiver'' field in your bank payment form when making a transaction. Please note that some banks may name this field differently.
Failed in inputting a reference code will cause unsuccessful transactions. And you may raise a CS ticket with your Proof of Payment showing your account name so that we could check the transaction manually and then credit your funds.
Q: I tried to deposit EUR, but the name in my bank account doesn’t match the name in my Binance account.
A: A: The transaction will be canceled, and the funds will be returned to the user's original bank account within 7 business days.
Q: I tried to deposit EUR, and my deposit got refunded. I didn’t put Binance as the beneficiary.
A: Please write Binance as the beneficiary.
Q: I tried to deposit EUR through a SWIFT transfer.
A: Swift transfers only support USD. So EUR transfers will be returned to your bank account.
Q: I tried to withdraw through a SEPA transfer, the status shows the transaction was successful, but I haven’t received the deposit or withdrawal.
A: Normal SEPA transfers usually take 1-3 days depending on your bank (Brexit may delay the process, please check with your bank). SEPA Instant transfers usually take less than 30 minutes (some banks stopped supporting SEPA Instant after Brexit, please check with your bank).
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